Financial Repression 101
Bad ideas are flourishing like Washington lobbyists. Just look around. It’s near impossible to blink without countless crackpot ideas coming into view. What’s more, the worse an idea is, the more popular it becomes. Take Mickey’s Fine Malt Liquor. It’s almost as destructive as doctor prescribed pain killers. Yet people chug down Big Mouths as if their lives depend on it. Or consider central banking. Has any other single idea extracted more wealth from the lowly wage earner? The Federal Reserve’s backdoor taxation program has snookered honest hard-working Americans for ...